Will Falling Oil Prices Kill Iran's Economic Recovery?
10/08/14
John Allen Gay
Economics, Nuclear Proliferation, Iran
Collapsing crude revenues could hurt Rouhani—and force Khamenei to show his true colors in the nuclear talks.
Oil prices have been tumbling for weeks—they were at twenty-seven-month lows this morning
and fell further throughout the day. That’s good news for consumers—and
bad news for producers. But the man who should be most uneasy is
Iranian president Hassan Rouhani. He had promised
an “economic boom” and lower inflation, and has even suggested that
Iran has the potential to be one of the world’s ten largest economies
within thirty years. And he’s had some
successes. Iran’s economy isn’t zipping and inflation is still extreme,
but he has calmed the widening gyre of economic chaos that former
president Mahmoud Ahmadinejad had stirred up and worked to reduce Iran’s
economic isolation.
Read full articlehttp://nationalinterest.org/blog/the-buzz/will-falling-oil-prices-kill-irans-economic-recovery-11431
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